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The Spark Corporation Rd 105,906 SF 100% Leased 4-Star Office Building Newcastle Upon Tyne NE4 5SP $63,230,002 CAD ($597.04 CAD/SF) 8% Cap Rate
Investment Highlights
- High quality office space
- Situated in prime office district
- Well-connected to transport links
- Currently fully occupied with potential for rental increase
- Retail and leisure offerings within vicinity
- BREEAM Excellent
Executive Summary
The building provides 105,906 sq ft of high quality office space in the regional capital of the North East. It is currently fully occupied on a multi-let basis on revisionary rents with high potential for rental increases.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
105,906 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$63,230,002 CAD
Price Per SF
$597.04 CAD
Cap Rate
8%
NOI
$5,058,400 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
11 Stories
Typical Floor Size
9,675 SF
Building FAR
5.17
Lot Size
0.47 AC
Parking
106 Spaces (1 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Energy Performance Rating - A
- Reception
- Bicycle Storage
- Central Heating
- Common Parts WC Facilities
- Direct Elevator Exposure
- Natural Light
- Reception
- Shower Facilities
- Air Conditioning
- Raised Floor System
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The Spark | Corporation Rd
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